World-renowned property advisor sweeps financial publication’s awards

Dubai, October 8, 2006: CB Richard Ellis (CBRE), the world’s largest property advisory practice, was named the Global number 1 at the 2006 Euromoney Global Real Estate Awards.

The company took home a number of regional accolades including Overall Advisory for the USA, Europe and Asia sectors. CB Richard Ellis also won for Valuation, Transaction Execution, Financial Services, Corporate Real Estate Services, and Agency/Letting from among a global pool of competitors.

“CB Richard Ellis’ brilliant showing at the Euromoney awards is a matter of great pride and esteem for the company,” said Nicholas Maclean, Managing Director, CB Richard Ellis Limited, Middle East. “Euromoney is a publication that is read by scores of financial executives, worldwide, and to have such a showing at an awards ceremony where their readers choose the winners, gives us the necessary validation of our work.”

Brett White, CB Richard Ellis’ President and CEO stated that their continuing success is a testament to the quality of service the company provides to their clients.

The Euromoney success comes only weeks after CB Richard Ellis was named The Number One Brand in commercial real estate in the The Lipsey Survey.
“These results validate that we are setting a high benchmark for premier service delivery on a global scale,” added White.

CBRE established its operations in the United Arab Emirates with offices in Abu Dhabi and Dubai. CBRE partners with Dubai International Capital (DIC), an international investment company that manages an international portfolio of diverse assets and provides Dubai Holding and its stakeholders with value growth, diversification and strategic relationships. In Abu Dhabi, CBRE has partnered with The Developers, a UAE investment development company that offers reliable property evaluation and management services in the real estate development sector.

CBRE has advised investors from the Middle East for many years and leverages the industry's most powerful knowledge base to meet the commercial real estate needs of its clients in the UAE.

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Notes to editor:

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a FORTUNE 1000 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2005 revenue). The Company serves real estate owners, investors and occupiers through more than 350 offices (including affiliate and partner offices) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; mortgage banking; investment management; appraisal and valuation; and research and consulting. Please visit our Web site at www.cbre.com.

Lina Anani/Sami Al Shorafa
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